Robert Speht’s Post

IRENA: ‘Accelerate International Cooperation on Floating Wind to Prevent Development of Silos’ As of 2023, there was around 270MW of floating wind capacity in operation, with the global pipeline for new floating projects standing at 244GW, according to a market outlook report commissioned by the 2023 Japanese G7 Presidency & issued by the International Renewable Energy Agency (IRENA). According to the report, meeting the 1.5°C goal requires 494GW of offshore wind capacity on the grids globally by 2030 & 2,465GW by 2050. Despite progress in building new offshore wind farms, there was a total of 63GW of installed capacity in 2022. And just as there are calls to help the global offshore wind industry bring projects to realisation faster, the floating wind industry is seeing recommendations & initiatives to scale up the industry, bring the costs down & roll out floating wind farms more quickly. In the floating offshore wind outlook, issued this July, IRENA outlines several observations with recommended actions to help put floating wind on a fast track. Among the recommendations is for the countries with floating wind to accelerate international cooperation, as floating offshore wind is currently concentrated in certain markets. IRENA says that “it is imperative that, from the start, international cooperation in this field continues to scale up & prevent the development of silos”. To achieve this, G7 members should cooperate with IRENA’s Collaborative Framework to collect & disseminate key trends/learnings from floating offshore wind. The report also states countries should continue to participate in joint research projects within the G7 & other countries. “To drive international co-operation, there is a need to continue developing joint R&D programmes & projects on floating offshore wind. This is already happening in this space, for example with Japan entering partnerships with Denmark & Norway”, the report reads. One of the actions the Agency lists in its recommendations is setting long-term deployment & cost-reduction targets for floating offshore wind, in line with the 2030 Agenda & beyond. The report further also calls for directing more resources & investment towards existing floating wind solutions, in consultation with the industry, to promote economies of scale. IRENA also notes that, while the coupling of floating wind and hydrogen is currently not a priority for the industry, pilot initiatives are demonstrating the potential opportunities so continued innovation & investment in this space should be encouraged. In the report, IRENA listed a total of eleven observations, each accompanied by recommended action points. Our View - exciting times for floating wind ahead. What do you think? Original article by Offshorewind .biz #offshorewind #floatingwind #windenergy https://lnkd.in/dp7cnWEw

IRENA: ‘Accelerate International Cooperation on Floating Wind to Prevent Development of Silos’ As of 2023, there was around 270MW of floating wind capacity in operation, with the global pipeline for new floating projects standing at 244GW, according to a market outlook report commissioned by the 2023 Japanese G7 Presidency & issued by the International Renewable Energy Agency (IRENA). According to the report, meeting the 1.5°C goal requires 494GW of offshore wind capacity on the grids globally by 2030 & 2,465GW by 2050. Despite progress in building new offshore wind farms, there was a total of 63GW of installed capacity in 2022. And just as there are calls to help the global offshore wind industry bring projects to realisation faster, the floating wind industry is seeing recommendations & initiatives to scale up the industry, bring the costs down & roll out floating wind farms more quickly. In the floating offshore wind outlook, issued this July, IRENA outlines several observations with recommended actions to help put floating wind on a fast track. Among the recommendations is for the countries with floating wind to accelerate international cooperation, as floating offshore wind is currently concentrated in certain markets. IRENA says that “it is imperative that, from the start, international cooperation in this field continues to scale up & prevent the development of silos”. To achieve this, G7 members should cooperate with IRENA’s Collaborative Framework to collect & disseminate key trends/learnings from floating offshore wind. The report also states countries should continue to participate in joint research projects within the G7 & other countries. “To drive international co-operation, there is a need to continue developing joint R&D programmes & projects on floating offshore wind. This is already happening in this space, for example with Japan entering partnerships with Denmark & Norway”, the report reads. One of the actions the Agency lists in its recommendations is setting long-term deployment & cost-reduction targets for floating offshore wind, in line with the 2030 Agenda & beyond. The report further also calls for directing more resources & investment towards existing floating wind solutions, in consultation with the industry, to promote economies of scale. IRENA also notes that, while the coupling of floating wind and hydrogen is currently not a priority for the industry, pilot initiatives are demonstrating the potential opportunities so continued innovation & investment in this space should be encouraged. In the report, IRENA listed a total of eleven observations, each accompanied by recommended action points. Our View - exciting times for floating wind ahead. What do you think? Original article by Offshorewind .biz #offshorewind #floatingwind #windenergy https://lnkd.in/dp7cnWEw

L'éolien en mer arrive en Turquie ! : Roadmap Outlines Path for Türkiye to Reach 7 GW of Offshore Wind by 2040 The World Bank Group, in collaboration with the Republic of Türkiye’s Ministry of Energy and Natural Resources, has launched an offshore wind roadmap for the country that outlines the potential for up to 7 GW of capacity to be installed by 2040. The Government of Türkiye has set a target of 5 GW installed capacity for offshore wind power by 2035. According to the World Bank, the country’s waters have areas with a total technical potential offshore wind resource estimated at 75 GW. Favorable offshore wind resources are located near high-demand power centres, offering a large-scale, domestic power generation source. Most areas with good resources are said to be suited for floating foundation solutions, given water depths that exceed 50 metres. The analysis identifies the country’s strategic location, close to European and Asian markets, as an opportunity to become a regional clean energy hub, said the World Bank. The country’s strong industrial base and skilled workforce, particularly its successful onshore wind, shipbuilding and maritime industries, are well-positioned to thrive in the offshore wind supply chain with sufficient project volume and pipeline, the organization stated. “Offshore wind, as an important renewable energy resource, holds the potential to accelerate Türkiye’s transition to net-zero by complementing ongoing onshore wind and solar investment plans, drive supply chain growth and job creation, and strengthen the country’s position as a green energy hub in the region”, said Humberto Lopez, World Bank Country Director for Türkiye. According to the roadmap, four initial exploration areas have been identified, and these are found in the Aegean Sea (around Çanakkale and Ayvalik), the Sea of Marmara, and, to a lesser extent, the Black Sea. Taking into consideration environmental, social, and technical constraints, the potential development is estimated at about 66 GW, equivalent to around 60 per cent of the total existing generation capacity in the country, according to the roadmap. The majority of the initial exploration areas for offshore wind are said to be in deeper water suited for floating technology, representing over 59 GW of potential across 13,270 square kilometres. According to the roadmap, very little of this resource potential is in shallow water (less than 50 metres) suited to fixed-foundation offshore wind, representing around 6.8 GW of potential across 1,510 square kilometres : ... https://lnkd.in/eJJMTRwR

Spain is poised to become a leader in floating offshore wind energy, with projections of reaching 3 GW by 2030. Recent regulatory advancements, including the Royal Decree, have paved the way for the growth of this sector, driving industrial and economic opportunities and job creation. Offshore wind is key to Spain’s renewable energy transition and decarbonization efforts, bolstering industries like naval construction and port management. The III Offshore Wind Congress, organized by AEE, CLANER, and the Cádiz Maritime Naval Cluster, highlights these developments, gathering over 400 national and international experts to discuss future challenges and opportunities for the sector. #offshore, #wind, #Spain, #europe, #renewable, #energy, #green, #turbine, #GW, #maritime, AEE Asociación Empresarial Eólica, CLANER Asociación de Energías Renovables de Andalucía https://lnkd.in/dxxJF4ds

The figures speak volumes. In 2023 alone, the global offshore wind industry added 11 GW of capacity to the grid, marking a remarkable 24 percent year-on-year increase. This surge underscores not just numerical growth but a concerted global effort involving governments, industries, institutions and civil society to drive momentum toward a carbon-free future. Crucially, over 20 nations have joined the Global Offshore Wind Alliance (GOWA), committing to ambitious targets of installing 380 GW by 2030 and an astounding 2,000 GW by 2050. #renewable #renewableneergy #offshorewind #korea

As the world navigates the transition towards #renewableenergy sources, collaborative efforts become increasingly vital. Recognizing this, Team Norway, a consortium comprising Innovation Norway, the Royal Norwegian Embassy, Norwegian Energy Partners (NORWEP) and Norwegian Offshore Wind, is gearing up to host an insightful event alongside the Swedish Offshore Wind Forum in Göteborg on June 12-13, 2024. This collaboration is not only a testament to the shared commitment towards sustainable #energy but also a strategic move to foster cross-border partnerships in the #offshorewind sector. 🇸🇪🇳🇴 Svensk Vindkraft / Swedish Wind Power

🇰🇷 The Asia-Pacific region is poised to become a global leader in offshore wind energy, with TGS | 4C Offshore Wind News reports indicating it could account for about 251 GW capacity by 2050. Floating wind is vital for the decarbonization of economies in South Korea, Taiwan, Japan, the US West Coast and Pacific Islands, the Philippines, and Australia which have large coastlines, deep waters, and strong winds in sites close to demand centers. Floating platform technologies like the WindFloat® are now proven and have the ability to unlock this the enormous potential of the deepwater offshore resources in the country. However, gaps in policy frameworks remain, creating significant risks for developers aiming to build the first commercial-scale projects in the region. These risks can be overcome with coordinated action by government and industry to create the right policy conditions for the successful development of floating wind projects, prioritizing proactive stakeholder engagement, predictable procurement auctions that emphasize deliverable economics, and the construction of enabling infrastructure like ports and transmission. If policy makers across the region are able to create the right conditions for deployment, they will activate massive supply chains that build from existing capacity to create a new industry. Successful delivery of the first projects will initiate a virtuous cycle of learning that reduces LCoE and makes GW-scale floating wind projects a competitive and secure resource for APAC economies. Join Aaron Smith at the APAC Offshore Wind Energy Summit 2024 for a deep dive into how Principle Power is using the lessons learned from our 13-year operational track record in Europe to enable projects and local supply chains in the APAC region to scale up with confidence. 📅 Save the date: 26 November, 5:15 PM (KST) 📍 Session: Spotlight on Emerging Floating Offshore Wind Markets in APAC Moderator: Amisha Patel Speakers: Aaron Smith, Principle Power CC Lin, Synera Renewable Energy Chris Lloyd, ESMAP - Energy Sector Management Assistance Program Henrik Stiesdal, Stiesdal Ørjan Rist, Bandibuli Floating Wind Project, Equinor Tim Fischer, Ramboll  Global Wind Energy Council (GWEC) #300X30 #PrinciplePower #windfloat #renewableenergy #offshorewind #floatingwind #netzero

It was both an honour and a privilege for the UL Executive MBA 2nd Year class to engage in energetic dialogue and discussion yesterday with Chairman Barry O'Sullivan, and Task Force members @LuukVanderWielen, Siobhan Dolan Clancy & Eamonn Murphy Prof. (Emeritus) regarding the implementation of the Shannon Estuary Economic Task Force report & recommendations as part of their strategy implementation module. A truly inspirational vision which now requires urgent action! #ULMBA#ShannonEstuaryTaskForce#DesirableFutures#SustainableEnterprise

🌏 Ahead of the APAC Wind Energy Summit next week we're taking a look at each of the markets in Asia-Pacific where Corio is developing offshore wind projects. First up, South Korea, which is hosting the event co-organised by the Global Wind Energy Council (GWEC) and the Korean Wind Energy Industry Association between 26-28 November 2024 ⬇️ South Korea was one of the first countries in Asia-Pacific to adopt a national target to reach carbon neutrality by 2050. Corio has an established local Korean team of industry leading experts developing around 3 GW of offshore wind projects in South Korea across two portfolios: Busan and BadaEnergy. Corio’s Busan portfolio comprises a series of near-shore fixed-bottom offshore wind projects capable of being deployed by 2030. The portfolio aims to supply clean energy to Busan Metropolitan City, a market with heavy electricity consumption and strong grid capacity. The BadaEnergy portfolio, a joint venture of Corio Generation, TotalEnergies and SK ecoplant, plans to develop two fixed-bottom and three floating wind farms off the coast of Ulsan and South Jeolla province. This comprises the Maenggoldo, Geomundo and Gray Whale projects. The 1.5 GW Gray Whale project, comprising three wind farms, is expected to become one of the world’s largest floating offshore wind developments. Check out our South Korea webpage for more information: https://lnkd.in/eHjjuA9r #offshorewind #windenergy #GWECAsia #ActioninAPAC

Big offshore ambitions require big thinking. Kevin O'Sullivan's article profiles Denmark's Esbjerg port and how even it struggles to keep up with the scaling of the offshore wind energy industry. In Ireland we have espoused ambitious plans for offshore wind, but without the policy clarity on how our grids and port infrastructure can match that ambition. Yesterday's inaugural speech by our new Taoiseach Simon Harris was understandably short-term in scope, but we will quickly need Government and new Enterprise Minister Peter Burke to set out how we achieve not just 2030 targets, but what our energy industry will look like in 2050 and 2060. Port infrastructure will be critical, as already outlined by industry leaders like Barry O'Sullivan. 20 MW wind turbines are coming, and we will need to get organised to handle them. Wind Energy Ireland #renewableenergy #offshorewind https://lnkd.in/e_GAd--D